National Fuel Gas Company Unveils its 2024 Sustainability Progress

National Fuel Gas Company Releases Its 2024 Corporate Responsibility Report

National Fuel Gas Company (National Fuel or the Company, NYSE: NFG) has recently introduced its comprehensive 2024 Corporate Responsibility Report. This document highlights the Company’s ongoing policies and practices in key areas of corporate responsibility and sustainability.

Commitment to Sustainability

In 2024, the Company made substantial strides to uphold its dedication to responsible energy provision within its operational areas. David P. Bauer, President & Chief Executive Officer of National Fuel Gas Company, remarked on the year, emphasizing the company's focus on reducing emissions while ensuring the reliability of their operations. "Our commitment to sustainable energy supports not only our operational goals but also the well-being of the communities we serve," he stated.

Reduced Emissions

One of the highlights from the report is a significant 28% reduction in consolidated methane emissions since 2020. The company has also made noteworthy progress on its 2030 methane intensity targets across various business segments. Resulting reductions range from 15% to an impressive 58% since the baseline year.

Operational Achievements

National Fuel's accomplishments are evident in several aspects of its operations. According to the report, the Company has surpassed its methane intensity targets in both its Exploration and Production, and Gathering segments. These achievements have also led to widespread recognition for responsible energy development certifications, especially in the Appalachian region.

Community Involvement and Support

Moreover, the report emphasizes National Fuel's commitment to community engagement. In 2024, the Company allocated nearly $2 million to community initiatives and recorded over 4,000 hours of employee volunteer work in various local organizations. Such contributions underline the Company's belief in giving back and enhancing the quality of life for those around them.

Employee Development Initiatives

National Fuel is also dedicated to fostering employee growth. This year, they rolled out new leadership development initiatives and a mentorship program aimed at enhancing career growth among their staff. These efforts ensure that employees are well-equipped to progress in their careers while contributing to the Company’s goals.

A Strong Framework for Reporting

The Corporate Responsibility Report is structured according to multiple sustainability reporting standards, including guidelines from the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD). This framework aligns with National Fuel’s long-term commitment to transparency and accountability in its sustainability practices.

Future Outlook

As National Fuel Gas Company looks to the future, the Company remains focused on balancing reliable energy supply with environmental responsibility. By leveraging its diverse portfolio and maintaining strong operational practices, the Company is well-positioned to meet increasing energy demands sustainably.

Frequently Asked Questions

What is National Fuel Gas Company's main focus in 2024?

The company is focused on sustainability, emissions reduction, and community engagement while ensuring reliable energy supply.

How has the company reduced its methane emissions?

National Fuel has achieved a 28% reduction in methane emissions since 2020 through various operational improvements.

What new initiatives are present in the 2024 Corporate Responsibility Report?

The report highlights new leadership development programs, mentorship initiatives, and increased community contributions.

Where can I find the complete 2024 Corporate Responsibility Report?

The report is available through National Fuel's official website, offering comprehensive insights into their sustainability efforts.

What recognition has National Fuel received for its operations?

National Fuel has maintained peer-leading certifications for responsible energy development, particularly in its Appalachian operations.

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